Pub. Date:
Cambridge University Press
The Theory of Economic Policy: Statics and Dynamics

The Theory of Economic Policy: Statics and Dynamics

by A. J. Preston, A. R. Pagan
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Product Details

ISBN-13: 9780521070225
Publisher: Cambridge University Press
Publication date: 07/31/2008
Pages: 408
Product dimensions: 5.80(w) x 9.00(h) x 1.10(d)

Table of Contents

Part I. The static theory of policy: 1. A review of the static theory of policy; 2. The algebraic structure of fixed objective problems; 3. The algebraic structure of flexible objective problems; 4. The dynamic policy problem: models and objectives; 5. Controllability properties of dynamic policy models; 6. Observability properties of dynamic policy models; 7. The dynamic theory of stationarity objectives; 8. The dynamic theory of path objectives; 9. Policy design for path objectives; 10. Rational expectations and the theory of policy; Part III. Dynamic flexible objectives: on tracking points and paths: 11. Dynamic finite horizon flexible objective problems; 12. Policy existence and uniqueness for infinite horizon flexible objective problems; 13. Some stability issues in dynamic policy problems; 14. Aftersight.

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